CII insider filing: 6.03 cash‑settled Performance Rights awarded to Director
Rhea-AI Filing Summary
Catherine A. Lynch, a Director of BlackRock Enhanced Large Cap Core Fund, Inc. (CII), reported acquiring Performance Rights on 10/01/2025. The filing shows 6.03 Performance Rights were awarded (transaction code A) and lists a related price of $23.18. The explanatory notes state the Performance Rights were accrued under the BlackRock Deferred Compensation Plan, that one Performance Right is convertible into the cash value of one share of the fund, and that the awards are to be settled 100% in cash at the deferral date chosen by the reporting person. The Form 4 was signed on behalf of Ms. Lynch by an attorney-in-fact on 10/03/2025.
Positive
- 6.03 Performance Rights were granted under the BlackRock Deferred Compensation Plan
- The Performance Rights are to be settled 100% in cash, avoiding share dilution
Negative
- None.
Insights
Director received deferred cash-settled performance rights under company plan.
The Form 4 discloses an award of 6.03 Performance Rights accrued under the BlackRock Deferred Compensation Plan on 10/01/2025. Each right converts to the cash value of one share, so payout will be monetary rather than share issuance at settlement.
This structure links pay to fund performance while avoiding additional share dilution because settlement is 100% cash.
Transaction is routine director compensation disclosure; no change in director status reported.
The filing identifies Ms. Lynch as a Director and records a compensation accrual rather than an open-market trade or transfer of equity. The Form 4 was executed by an attorney-in-fact and lists the standard disclosures required under Section 16.
FAQ
What did Catherine A. Lynch report on the Form 4 for CII?
How are the Performance Rights for CII settled?
What does one Performance Right convert into for CII?
When was the Form 4 transaction dated and when was it signed?
What relationship does the reporting person have to CII?